Gross Domestic Product Is

question 97

Multiple Choice

Gross domestic product is

• A) NDP plus net exports.
• B) NDP plus taxes.
• C) NDP plus depreciation.
• D) NDP less changes in inventories.

Explain the concept of opportunity cost in decision-making.

Understand how employment levels relate to economic production and efficiency.

Assess the impacts of entrepreneurship and resource assembly on economic outcomes.

Recognize the role of discrimination in limiting economic opportunities.